Enterprise Products Partners L.P. (NYSE:EPD) today announced it has
executed an additional long-term contract to export ethane from its new
terminal under construction at Morgan’s Point, Texas. With the
additional volumes, Enterprise’s 200,000 barrel-per-day ethane export
terminal is now approximately 90 percent contracted in terms of
operating capacity.

“This agreement is a clear indication of the continued interest for U.S.
ethane as a low cost feedstock by the global petrochemical industry,”
said A.J. “Jim” Teague, chief operating officer of Enterprise’s general
partner. “We are in negotiations with other customers and expect the
remaining capacity to be sold out when the facility begins service.
Furthermore, increased supplies of domestic ethane should help encourage
continued development of infrastructure in consuming areas abroad, as
well as ongoing expansion of the fleet of transportation vessels.”

The export terminal, which is on schedule to commence operations in the
third quarter of 2016, will have the capability to load fully
refrigerated ethane at rates up to 10,000 barrels per hour. Supply for
the new terminal, located along the Houston Ship Channel, will be
sourced from Enterprise’s natural gas liquids fractionation and storage
complex in Mont Belvieu, Texas and transported through a 24-inch
diameter pipeline currently under construction.

Enterprise Products Partners L.P. is one of the largest publicly traded
partnerships and a leading North American provider of midstream energy
services to producers and consumers of natural gas, NGLs, crude oil,
refined products and petrochemicals. Our services include: natural gas
gathering, treating, processing, transportation and storage; NGL
transportation, fractionation, storage and import and export terminals;
crude oil gathering, transportation, storage and terminals;
petrochemical and refined products transportation, storage and
terminals; and a marine transportation business that operates primarily
on the United States inland and Intracoastal Waterway systems. The
partnership’s assets include approximately 49,000 miles of pipelines;
225 million barrels of storage capacity for NGLs, crude oil, refined
products and petrochemicals; and 14 billion cubic feet of natural gas
storage capacity.

This press release includes “forward-looking statements” as defined
by the Securities and Exchange Commission. All statements, other than
statements of historical fact, included herein that address activities,
events, developments or transactions that Enterprise expects, believes
or anticipates will or may occur in the future, including anticipated
benefits and other aspects of such activities, events, developments or
transactions, are forward-looking statements. These forward-looking
statements are subject to risks and uncertainties that may cause actual
results to differ materially, including required approvals by regulatory
agencies, the possibility that the anticipated benefits from such
activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related thereto
will be greater than expected, the impact of competition and other risk
factors included in the reports filed with the Securities and Exchange
Commission by Enterprise. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of
their dates. Except as required by law, Enterprise does not intend to
update or revise its forward-looking statements, whether as a result of
new information, future events or otherwise.

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